General overview (weekly)

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
In Elliott Wave Theory, wave three in general are longer and cover more distance than wave one. Using my desktop calculator I measured the length of wave I and add it to the end of wave II to find the wave III             minimum target. This give us a CNY             487,508. So, the market needs to at the least reach a minimum target of CNY             487,508 for the cycle wave III             to complete (see blue dashed line) sometime by late 2017 according to my cycles work.

Good to see you posting EW charts again. We live in exciting btc times.
Please explain this theory?
user100000 Crypto.888
I find this site useful. It describes the rules and guidelines of the Elliott Wave Principle

Basically, wave 3 cannot be the shortest wave
+1 Reply
Crypto.888 user100000
Thank you.
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